Zee Sports

FEATURED ARTICLES ABOUT ZEE SPORTS - PAGE 3

NEW DELHI: The JV talks between Ten Sports and Zee Telefilms for the distribution of latter's soon-to-be-launched sports channel have come a cropper. In a strange turn of events today, Zee Telefilms said that they don't need a partner to distribute their new channel as they have a strong distribution network of their own. Ten Sports, on the other hand, said they have had no talks with Zee Telefilms for a distribution or content-sharing joint venture. Zee Telefilms on Wednesday said that Zee Sports, a 24-hour pay channel to be launched on October 2, will be a part of the Zee bouquet and will be distributed under the Zee-Turner platform.

MUMBAI: The Pakistan Cricket Board (PCB) has sold the rights for all sponsorship, ground advertising and signages to Nimbus Sports for three years for the '06-08 period, covering five series of international cricket. The project cost for the contract has been pegged at $10m, of which Nimbus will pay a fixed fee of $8.1m to the PCB. The telecast rights of cricket played in Pakistan for the next 4 years are with Ten Sports. "We expect to generate a revenue from sales touching $250m over the next two years," Nimbus' chairman Harish Thawani claimed.

NEW DELHI: The joint venture talks between Ten Sports and Zee Telefilms for distribution of the latter's soon-to-be-launched sports channel have come a cropper. In a strange turn of events, Zee Telefilms has said that it doesn't need a partner to distribute the new channel as the channel has a strong distribution network of its own. Ten Sports, on the other hand, has said that it had no talks with Zee Telefilms for any distribution or content sharing joint venture.

MUMBAI: ZEE Telefilms (ZTL) and its subsidiaries reported a 38% fall in net profit in the second quarter ended September 30 to Rs 42.5 crore, while revenue grew by nearly 9% to Rs 336 crore. A company statement said the fall in profits can be explained by operating losses of nearly Rs 33 crore incurred on the new businesses launched during the above period. These include new channels such as Zee Telugu, Zee Smile and Zee Sports. Significantly, after enjoying a high growth run in subscription revenues over the past 18 months, Zee saw a reversal in this trend with its advertising revenues outpacing subscription.

CHANDIGARH: Top business tycoons such as Anil Ambani and filmstars like Aamir Khan, Akshay Kumar and Kareena Kapoor would be present at the inauguration of the Indian Cricket League's Twenty20 tournament which kicks off on Friday at Panchkula. "We have drawn up an impressive celebrity list. Besides ambani, Essar Group's Shashi Ruia will also come here to watch the matches," Essel Group's Executive Vice-President Ashish Kaul said here on Wednesday. Kaul, whose group is holding the fortnight-long tournament, said Kareena Kapoor and a top model Yana Gupta will perform shortly before the event takes off. Haryana Chief Minister Bhupinder Singh Hooda will be the chief guest.

MUMBAI: Sports in India has for long meant cricket. Just as sports management has largely meant sponsorships and event management for cricket. This still holds true, but change certainly in the air. Lately, India has seen some prominent names in sports management. IMG, World Sport Group, Percept D'Mark Sports Management, Nimbus Sport and Globosport have all built their presence. These firms and other smaller outfits, are expanding the market and creating unprecedented opportunities for those interested in a career in the business of sports.

NEW DELHI: The government will monitor adherence to the uplinking guidelines of the country only after the elections. Though nearly a dozen applications ? with details on restructuring of foreign equity of the applicant ? have come in, the I&B ministry has realised there is no law under which existing foreign institutional investors (FIIs) can be forced to exit, especially from listed companies. Zee, CNBC-TV18 and TV Today are publicly quoted companies and have been requesting the government for clear directions.

MUMBAI: BCCI seems to be faced with yet another dilemma. Zee Sports said this afternoon that the terms and conditions of the five-year broadcast deal with BCCI covering India's matches at neutral venues, was not acceptable to them. This has led to the BCCI being left high-and-dry, scrambling last minute to get a broadcaster on board to showcase the upcoming ODI series against South Africa. "We have been in discussions with the BCCI to look at giving us some kind of discount, and reducing our burden for the losses that is incurred due to non-encryption.

Men may be the centre of the marketers' attention when it comes to mega sporting events. But women are not being left behind either. Television channels, sports marketing firms and advertisers are now trying in several ways to make sport buffs out of women. Industry experts are of the view that a start has already been made with women showing interest in shorter sport formats such as the T-20. Says an executive of the Bangalore-based sports management consultancy GoSports, "Shorter formats are easily understood by women.

MUMBAI: Foreign institutional investors can now invest up to 100 per cent of the paid up capital in Zee Entertainment Enterprises Ltd, an RBI notification said. Earlier investment limit for FIIs in the company was 49 per cent. "Foreign institutional investors (FIIs) can now invest up to 100 per cent (revised from earlier limit 49 per cent) of the paid up capital of Zee Entertainment Enterprises Limited under the portfolio investment scheme," the notification said. As on March 2014, promoter shareholding in the company was 43.07 per cent while FIIs held 47.94 per cent shares, as per BSE data.